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June 29, 2024
Expectations opec will extend output curbs. China Energy Giants report later. Haidi apple fans counting down to the iphone x. Apple asking chipmakers to double capacity. Right, we have Energy Companies in china reporting. I want to bring up a chart, 80 to 96. This is petrochina. This is the biggest destruction of shareholder value in history, and it could take more to convince analysts the stock has hit autumn. Peaked on the first day of trading 10 years ago. Check it out. It has lost 800 billio...
June 28, 2024
Before we get started i want to take a moment to speak about the evil terror attack that occurred last night in the united kingdom, our deepest condolences go out to the victims, families and their loved ones. Know youre in our prayers. Today, were continuing our work on pro growth tax reform that will improve the lives of all americans. This mornings hearing is focused on strengthen americas competitiveness and preventing jobs from moving overseas. For years americans watched our our manufactur...
June 28, 2024
Executive orders on drug prices, we will hear from the top ceos in the space first we start off with wall street, a selloff on some of the most widely held stocks. Facebook is down 3 , goggle, nvidia, apple is down a whopping 7 and netflix is down more than 8 so we talk all the time about waiting for the dip to buy if this isnt the dip, what is which names are the best right now . Guy. I think netflix stands out to me i do know the move we have seen over the past couple weeks, we have moved to t...
June 28, 2024
And im watching copper acteding better than expected up 1 . Now for a quick look at the week ahead. It is quite a week. Tomorrow earnings from bank of america and Goldman Sachs. Then Morgan Stanley. Then the inaugural meeting of the u. S. China economic dialogue will take place in washington. At 8 30 on wednesday we get u. S. Housing starts data. Economists forecast a jump for the first time in four months. Then thursday, followed by the president 45 minutes later. And the bank of japan will rel...
June 28, 2024
Goldman sachs on deck. Still up 7 10 of 1 . Front and center, will they disappoint . The banksides earnings, Mitch Mcconnell yesterday pulling the bill he had been working on to replace obamacare. Instead he says he will try to repealing the Health Care Law that keeping it in place while Congress Tries to figure out what comes next. Joining us now is Kevin Cirilli. , he develop in washington wants to repeal obamacare, will it happen . Kevin unlikely. With several sources that say that it is unli...
June 28, 2024
A warm welcome to bloomberg daybreak europe. Im anna edwards. Manus get ready because well have a slew of earnings today, the busiest of the season. First have core earnings per share is that the. Outlook for the this year. Sales came in 26. 34, above the market estimate. They had guided that they would be broadly in line. They are confirming its about the bio similar threat. The Cancer Therapy was 1 7 of their revenue. A footnote to history is the line from the ceo. Numberscondquarter coming th...
June 28, 2024
Yeah, scott, weve been talking about this on the show a lot. I think, i think most of us were excited about the possibilities of the jet. Com acquisition this takes it a step further and walmart and google, if both are going to be successful at what they obviously have to do in the next five to ten years, they kind of need each other googles got to figure out the voice internet because if display internet starts to become a dying incumbent thing, where are they going to put the adds . So if voic...
June 27, 2024
Kuala lumpur trading getting underway and in singapore. We are heading up to the Lunar New Year holiday. And we have volatility and volumes are then. Let us see what we have at the moment regarding the session in this part of the world. Malaysiaore and joining the rise we are seeing in the region. We do have gold retreating for a fourth day. Moving further from the hundred level. Approaching as one high as we are seeing the yen stumble a bit. Aussie shares up 0. 6 with consumers stocks and banks...
June 25, 2024
Anna very warm welcome to countdown. That are have markets moving, Central Banks taking action. It will be an actionpacked day. We will kick it off with oil because it dropped below 40. Were definitely back in a bear market. Highest levels in nearly two decades. The hedge funds have pushed their short by the biggest amount since 2006. This is the s p 500, this is the price of oil. The two big emergences divergences. The last major time we saw this was back at the end of 2014. And medially after ...
June 25, 2024
2013 bill gross says record low yields are not worth the risk. Socgens net income beats estimates and rises over 8 . The deputy sees tells bloomberg the french bank also receiving the brunt of brexit. Today the risks are still very high. Decision is creating an additional uncertainty. Caroline we are less than half an hour away from the european open. We are going to be digging into what we see in terms of the market futures. Overall keep an eye on where we are trading. Are up. 2 at the moment, ...